mist

it's not what it seems like tho

[mist @CryptoInuit]

@MDBitcoin Not a fan of @saylor making such statement like this when $BTC bullrun was about to get started. It could be a part of his 'inoculation' plan, but most people will just lose faith in his program.

[mist @CryptoInuit]

good time to accumulate $MSTR

[mist @CryptoInuit]

@apralky I would say this also generally holds true for Western vs Eastern civilizational divide. The former is helplessly naive yet brilliant at the same time.

[mist @CryptoInuit]

@World_At_War_6 @grok is this verified

[mist @CryptoInuit]

@TheSaviour @grok is this verified?

[Route 2 FI @Route2FI]

90% of normal people have absolutely no chance of making it this run. They lack the guts needed to succeed. You can teach them how to buy coins, but they will never be able to go through the gut-wrecking exercise of seeing positions move a lot against them without selling, because the fear of losing is so much stronger than the happiness you feel when you win.

You can lead a horse to water but you can't make them drink. Only the mentally ill will eventually make it.

[Rob @AndBe1Traveller]

“Why is it that the best memecoins happen by accident?” - Robert Frost

Dogecoin’s meteoric rise was a complete accident. Nobody expected it, yet from that the world saw the birth of the memecoin industry. 1,000 of memecoins are minted daily with founders hoping it’s their ticket to early retirement… if they can just think of the right meme. People forget that these are not accidents.

Some things that should not have been forgotten were lost. History became legend. Legend became myth. And for 9 long years, AyeAyeCoin passed out of knowledge.

Initially, I didn’t like that AyeAyeCoin had been siphoned from the faucet by what was likely only a few individuals. However, there was a cost and risk involved for those individuals that on the surface gets overlooked, as I first did. The individuals claiming from the faucet had to pay a significant amount to redeem the coins. @goatishduck claims it cost him around 5 cents per coin which would imply a claimant cost of $300,000 for the entire supply.^1 He also claims others claimed coins after he took his share of the supply for as high as 30 cents a coin. So the average cost per coin from the faucet could easily have exceeded $500,000. The individuals would have needed to be optimistic and confident that they could sell these coins one day for a higher price, which has transpired, but it was still a significant risk when you take into account smart contract risk. For example, the claimants also had to endure some uncertainty that the faucet would actually run dry at 6,000,000 coins.

The faucet had existed for 9 years for anyone in the world to claim these coins. Just because someone one day decided it was a good idea to start claiming them does not make it unfair. As stated above, there was also cost involved to obtain them; a characteristic that isn’t present with nearly every memecoin. The only established memecoin I can think of that costs something to obtain is $DOGE via POW mining. AyeAyeCoin is in good company. While DOGE has an inflation rate of 3.4% in 2024, AyeAyeCoin has an inflation rate of 0%. In these respects, AyeAyeCoin has the best attributes; its launch was uniquely fair while it also retains the fixed supply benefit nearly all other memecoins created enjoy, unfortunately for DOGE.

As the creator Linagee says himself “ I've created AyeAyeCoin! (Just for fun. Here is a picture of an AyeAye: https://t.co/ChUCZylOYl)^2” AyeAyeCoin was created for fun. The meteoric rise of $WAAC is an accident waiting to happen.

Sources:
1). https://t.co/BmvG6AbJ5I

2). https://t.co/TpG7qAJUum

[xpo @xponentcrisis]

Some notes from the Bittensor event this morning:

- For many ETH OGs entering the ecosystem, Bittensor’s incentive mechanism - which encourages the design of ecosystems centered around a decentralized objective function - has sparked the same excitement they once felt when smart contracts first emerged

- The innovation and the new ideas being explored feels very intellectually stimulating - just like when DeFi first started, but the potential for AI to penetrate the greater market is far beyond that of DeFi

- The introduction of EVMs are great for DeFi and shitcoins, but more importantly subnet operators will unlock an additional layer of orchestration to enable them to push their ideas further - this is something subnets will need to think about

- dTAO’s principle makes perfect sense but there is definitely some finetuning required to make this work

- Quality of subnets have gone up massively since 9 months ago, where people previously were mostly treating this as a hobby, today most of these subnets are professional teams with relevant backgrounds working on the toughest problems in their respective domains

- The latest batch of subnets coming online have been able to design elegant ‘asymmetric validation’ mechanisms as compared to previously where things were hacked together after launching on mainnet

- What felt like a dream of closing the gap with closed source AI feels very possible today - some subnet miners are starting to outperform state of the art models

- Given how fast and deep the teams are getting into these vast directions, it’s hard for validators to fully understand the impact and potential of the subnets and understandably so - there aren’t penalties or incentives for alignment when it comes to weight assignment, and before dTAO or some solution arrives we’ll need a workaround for it that would involve transparency between validators and subnet operators

- Bittensor’s Discord is the perfect place for anyone with ADHD

- So many people are unaware about what is going on in Bittensor today

- There needs to be some way to incentivise a new group of builders to build applications on top of these amazing subnet-generated digital commodities

[fiskantes ⭐️🩸 @Fiskantes]

Idk who needs to hear this but losing all your money is not the end of the world. Even losing more than you have. Don't do anything stupid.

I never shared this before but:

[mist @CryptoInuit]

@coryswan More Truth: The whole crypto industry is a scam. Most projects simply don't need coins or tokens, it's just a convenient money grab for devs, founders and VCs. Yeah you can still make money in crypto, but always keep this in mind. It's one giant scam. So gamble if you will.

[Shiv @shivsakhuja]

I have a new rule for myself: stay away from projects with a cult-like figure at the helm.

[TheKingfisher @kingfisher_btc]

$BTC It's always important to remind some of you degens out there

100x levs have almost no chance of surviving past 8 hours

[{CEG} MONTHLY CANDLE DUDE @cryptoendgamer]

68) No matter how good a project is ; how strong it is ; "never lock up tokens" ; even for one day. You want to have the possibility to sell at any time possible as prices can retrace 50% in a few days. - lessons from $pokt and $solid

[Kevin Chen @kevinchenNYC]

Since 2013, every time the S&P 500 went negative y/y, the Fed either stopped tightening or began loosening – we are now there:

[Rennie Yang @MarketTells]

AAII - it's not just the super-negative readings over the last couple of weeks but the consistency of the negativity over the past few months. It's been 14/15 weeks w/ more bears! That's LT bullish. Twelve weeks later $SPX higher 52/54 times, avg gain 8% @Norseman1

[mist @CryptoInuit]

@marwolwarl definitely believed fantasy version of crypto before I entered the arena. now I know the truth and it's bitter man. the overall market is also sh!t right now so worst time to enter. probably better off selling options or something.

[mist @CryptoInuit]

@marwolwarl don't buy alt just buy btc or get out of crypto is actually sound advice. most noobs will lose money (inc. me) and probably be better off not playing this game. you have to be really good or the cost is just too big. and damn didn't realize crypto was rife with scams.

[mist @CryptoInuit]

@0xMagellan you're not that smart calm down. real geniuses are probably not even making much money right now, doing obscure mathematics and physics that nobody cares about. Bezos literally went to business because he was a failure in physics.

[mist @CryptoInuit]

@milesdeutscher also it's important to keep in mind that if everyone's getting high APY nobody is getting rich. inflation actually makes people poorer in the real economy and the same in crypto. High APY is only good if you're the only one getting it. Wealth is a relative concept.